Heba strengthens income from property management in Q1 2025

MAR

Heba is reporting stronger income from property management in the first quarter of 2025. Income from property management grew to SEK 55.0 million (54.6). Rental income increased by 11% and net operating income by 15% year-over-year. The NOI margin for the interim period increased to 71.7 from 69.4 in Q1 2024.

The results are evidence of strength and proof that Heba is continuing to deliver. The quarterly outcomes are attributable to acquisitions in 2024 and ongoing cost-effective property management, says Heba Fastighets AB CEO Patrik Emanuelsson.

Comprehensive income for the interim reporting period improved to SEK 53.5m (-40.1). The change in value for Q1 2025 was SEK 18.1m (-52.8), corresponding to 0.1% (-0.4).

Heba’s determined efforts towards the green transition continued full force during the quarter. Heba will forge ahead with this even if Europe decides in favour of the proposal to reduce the scope of reporting requirements and which companies are affected.

Heba closed an agreement after the end of the quarter to acquire another elderly care facility, a new build located in Norrtälje. Patrik Emanuelsson, CEO, remarked:

Elderly care facilities currently generate 30% of net operating income. The company now has two stable foundations in residential property and community service property oriented towards elderly care facilities, says Heba Fastighets AB CEO Patrik Emanuelsson.

Key figures Q1 2025:

  • Profit was SEK 53.5m (-40.1), corresponding to SEK 0.32 (-0.24) per share.
  • Income from property management amounted to SEK 55.0m (54.6).
  • Rental income amounted to SEK 150.9m (135.9).
  • Net operating income was SEK 108.2m (93.8).
  • The change in the value of properties was SEK 18.1m (-52.8). 

Heba will present results for the first quarter of 2025 in a pre-recorded video. The video will be published on ir.hebafast.se after the report is released.

Datum 2025-04-23, kl 12:00
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